Barnes & Noble gives up on making its own Nook tablets with third-party licensing deal

Barnes & Noble gives up on making its own Nook tablets with third-party licensing deal

Barnes & Noble is spinning off its Nook tablet line to third party manufacturers. In a statement accompanying a financial release today, the retailer confirmed it will no longer make Nook tablets, but will instead create a “partnership model for manufacturing in the competitive color tablet market.” The change is a move to reduce losses — the company is currently hemorrhaging money — by limiting “risks associated with manufacturing.” The fate of Barnes & Noble’s Nook division has been In doubt recently. Today’s quarterly financial results reveal a 34 percent drop in revenue year-over-year. Despite opening up to third-party manufacturers, the in-house Nook HD and HD+ tablets will continue to be sold throughout the year — likely..

Read More:
Barnes & Noble gives up on making its own Nook tablets with third-party licensing deal

TwitterFacebookStumbleUponLinkedInTumblrShare

Comments are closed.

Ads
SEO Powered by Platinum SEO from Techblissonline